Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    508 Dalmont St Hobbs, NM 88240

    • Commercial real estate
    • 1,539 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0644132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hobbs Habitat For Humanity / Association Or Organization

    Property Details for 508 Dalmont St

    Year built
    1975
    Property size
    1,539 SF
    Property type
    Commercial real estate

    Description

    This unique 1,539 square foot commercial property, located at 508 N Dalmont Street in Hobbs, New Mexico, presents a compelling investment opportunity. Priced at $225,000, the building offers a versatile layout ideal for a variety of professional office uses. Its distinctive design incorporates a fully equipped kitchen area, providing ample space for food preparation or breakroom functionality. A convenient bathroom with a shower is also included, adding to the property's practicality and potential for live-work arrangements. The property sits on a lot with zero acres, making it a manageable and efficient space. The building's prime location in Hobbs makes it easily accessible to clients and customers, enhancing its overall appeal. This property is well-suited for entrepreneurs seeking a combined office and living space, or for businesses requiring a unique and functional workspace. The existing kitchen and shower facilities offer significant advantages, reducing the need for extensive renovations or additions. The property's size and features make it an attractive option for a range of commercial ventures, offering a blend of convenience and functionality in a desirable Hobbs location. Serious inquiries are encouraged to explore this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.135
    Latitude
    32.7056

    Comparable in this City

    • Value Estimation by Request

      108 Willow St

      Land
      108 Willow St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      1.43 Acres

      Rash Rd

      Land • 1.43 Acres
      0 Rash Rd, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      10.53 Acres

      3 Millen

      Land • 10.53 Acres
      3 Millen, Arkansas Junction, NM 88240
      View Details
    • Value Estimation by Request

      508 Dalmont St

      Retail properties & Spaces
      508 Dalmont St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      4220 Lovington Hwy

      Land
      4220 Lovington Hwy, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      1708 Dal Paso St

      Office properties & Spaces
      1708 Dal Paso St, Hobbs, NM 88240
      View Details

    Similar Nearby for Sale

    • $1,500,000
      870 SF

      Hobbs Radio Station - Turnkey Business

      Thriving Radio Station, Established Business, Great Potential
      108 Willow St, Hobbs, NM 88240
      View Details
    • $59,000
      0.18 Acres

      Residential Land in Hobbs, NM

      Residential land for sale, suitable for builders and investors.
      5114 W Grey Ghost Rd, Hobbs, NM 88240
      View Details
    • $58,000
      0.16 Acres

      Residential Lots in Hobbs, NM

      Residential land for builders and investors, sold in increments.
      5110 W Grey Ghost Rd, Hobbs, NM 88240
      View Details
    • $59,000
      0.18 Acres

      Hobbs, NM Land for Sale

      Residential land available in Hobbs, NM for builders and investors.
      5114 W Longtail Rd, Hobbs, NM 88240
      View Details
    • $58,000
      0.16 Acres

      Residential Lots in Hobbs, NM

      Residential land for sale, suitable for builders and investors.
      5030 W Grey Ghost Rd, Hobbs, NM 88240
      View Details
    • $350,000
      2.77 Acres

      Commercial Land in Hobbs, NM

      2.77 acres of commercial land available for development.
      Rash/Texico St, Hobbs, NM 88240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Endcap on Joe Harvey

      High-visibility retail space in high-demand Hobbs corridor.
      1901 W Joe Harvey Blvd, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Prime Retail Space Available

      New retail space in a thriving commercial district.
      3601 N Grimes St, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
      3920 N Lovington Hwy, Hobbs, NM 88240
      View Details
    • $7 SF/Yr
      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
      931 E Bender Blvd, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Commercial Land Available For Lease

      Commercial land parcels available for ground lease or sale.
      4100 N Lovington Hwy, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 Dalmont St
    Hobbs, NM 88240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!